AAR Acquires Triumph Group's Product Support Business for $725 Million

AAR Corp. (NYSE: AIR) has completed the acquisition of Triumph Group's (NYSE: TGI) product support business for an aggregate purchase price of $725 million in cash, subject to customary adjustments. The financing for this acquisition included a $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $825 million.

This acquisition will significantly scale AAR's repair capabilities, expand its footprint in the Asia-Pacific (APAC) region, and enhance its ability to serve global customers. The addition of Triumph Group's product support business brings in more than 700 team members with expertise in key areas, further strengthening AAR's position in the market.

AAR Corp. is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. The company supports commercial and government customers through four operating segments: parts supply, repair & engineering, integrated solutions, and expeditionary services.

This acquisition marks a strategic move for AAR Corp., and the company is poised to leverage the expertise and capabilities gained through this acquisition to further solidify its position as a leading provider of aviation services to commercial and government operators, MROs, and OEMs. For the full picture, make sure to review AAR's 8-K report.

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